Libra Speciality Chemicals Limited in Sheffield, S8 0TB

Description

Data updated on: 01-11-2023

The firm is widely known as Libra Speciality Chemicals Limited. The company was started fifty three years ago and was registered under 01009166 as its registration number. The office of this company is registered in Sheffield. You may visit them at 5 Acorn Business Park, Woodseats Close. The business name of the firm got changed in 2011 to Libra Speciality Chemicals Limited. The firm former registered name was Libra Chemicals. This company's principal business activity number is 20411 meaning Manufacture of soap and detergents. Saturday 31st December 2022 is the last time the accounts were filed.

As stated, this business was incorporated fifty three years ago and has so far been run by twenty seven directors, and out of them seven (Christopher W., Jon D., Robert W. and 4 others listed below) are still in the management. To find professional help with legal documentation, this business has been utilizing the skills of David K. as a secretary since the appointment on 2010-12-02.

Previous company's names
Libra Speciality Chemicals Limited 2011-05-03
Libra Chemicals Limited 1971-04-27

Financial data based on annual reports

Profit & Loss
Date of Accounts	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency

Balance Sheet
Cash Bank On Hand	627 720	1 686 021	2 541 406	2 875 417	3 625 169
Current Assets	8 479 577	8 629 507	12 359 720	15 051 381	19 008 297
Debtors	5 324 872	5 060 219	6 973 832	8 064 372	9 754 811
Net Assets Liabilities	8 452 290	10 082 247	10 903 890	13 684 024	16 638 144
Other Debtors	7 917	4 908
Property Plant Equipment	6 179 059	6 788 905	7 287 589	10 614 452	11 450 092
Total Inventories	2 526 985	1 883 267	2 844 482	4 111 592	5 628 317

Other Financial Data
Audit Fees Expenses	15 300	16 575
Accrued Liabilities Deferred Income	418 891	221 818	461 216	1 001 557	856 230
Accumulated Depreciation Impairment Property Plant Equipment	3 148 644	3 531 696	3 603 175	4 094 126	4 701 647
Additions Other Than Through Business Combinations Property Plant Equipment		707 120	796 038	3 817 814	1 461 470
Administrative Expenses	4 168 596	4 849 505	4 677 125	5 349 364	6 624 130
Amounts Owed By Group Undertakings	1 500 000	1 500 000	1 500 000	1 500 000	1 500 000
Average Number Employees During Period	58	58	59	66	69
Bank Borrowings	2 091 195	2 000 000	2 000 000	2 000 000	3 000 000
Bank Borrowings Overdrafts	2 000 000	2 000 000	2 000 000	2 000 000	3 000 000
Cash Cash Equivalents Cash Flow Value	627 720	1 686 021	2 541 406
Corporation Tax Payable	133 611		802 244		742 118
Corporation Tax Recoverable	514 575	152 453		208 601
Cost Sales	20 414 993	19 650 900	23 253 199	28 839 425	39 137 291
Creditors	2 000 000	2 000 000	2 000 000	2 000 000	3 000 000
Current Tax For Period	23 000	149 836	867 392		742 118
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit		23 233	118 618	76	16 295
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	52 000	119 000	312 000	1 071 000	285 000
Depreciation Expense Property Plant Equipment	1 601		297 354	490 951	625 830
Depreciation Impairment Expense Property Plant Equipment	323 232	455 376	297 354
Dividends Paid	2 000 000		3 801 253		2 140 000
Dividends Paid Classified As Financing Activities	-2 000 000		-3 801 253
Dividends Paid On Shares Interim	2 000 000		3 801 253		2 140 000
Finished Goods Goods For Resale	1 269 810	966 575	974 601	1 405 543	1 637 063
Further Item Cash Flow From Used In Financing Activities Component Net Cash Flows From Used In Financing Activities	800 446	91 195
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss			-211 425	-134 999
Further Item Tax Increase Decrease Component Adjusting Items	-1 172	49 663			-16 364
Future Minimum Lease Payments Under Non-cancellable Operating Leases	138 490	105 740	60 138	20 958	409 513
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	-28 460	-46 337	13 019	42 452	-31 312
Gain Loss On Disposals Property Plant Equipment	-1 269				1 000
Gross Profit Loss	6 237 318	6 427 130	10 675 191	9 181 441	12 872 170
Income Taxes Paid Refund Classified As Operating Activities	-274 050	101 065	152 457
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 324 660	-1 058 301	-855 385
Increase Decrease In Current Tax From Adjustment For Prior Periods	-303 339	-22 390	-65 152	-208 601	-16 364
Increase From Depreciation Charge For Year Property Plant Equipment		455 376	297 354	490 951	625 830
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings	60 124	55 585	52 379	54 629	145 229
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	35
Interest Income On Bank Deposits	15 434	137	2 874
Interest Payable Similar Charges Finance Costs	63 954	64 369	52 379	54 629	145 229
Interest Received Classified As Investing Activities	-15 434	-5 045	-2 874
Net Cash Flows From Used In Financing Activities	801 730	91 195	3 801 253
Net Cash Flows From Used In Investing Activities	1 698 589	699 665	788 256
Net Cash Flows From Used In Operating Activities	-1 175 659	-1 849 161	-5 444 894
Net Current Assets Liabilities	4 634 231	5 773 342	6 408 301	6 932 572	10 336 052
Net Finance Income Costs	15 434	5 045	2 874	84
Net Interest Paid Received Classified As Operating Activities	-63 954	-64 369	-52 379
Operating Profit Loss	2 068 722	1 577 625	5 786 641	3 697 078	6 248 040
Other Creditors	203			802 034
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment			225 875		18 309
Other Disposals Property Plant Equipment			225 875		18 309
Other Interest Expense	3 795	8 784
Other Interest Income		4 908		84	2 063
Other Interest Receivable Similar Income Finance Income	15 434	5 045	2 874	84	2 063
Other Taxation Social Security Payable	332 797	429 451	1 184 616	390 247	469 625
Payments Finance Lease Liabilities Classified As Financing Activities	-1 284
Pension Other Post-employment Benefit Costs Other Pension Costs	75 094	85 142	71 263	74 395	94 306
Prepayments Accrued Income	130 559	148 563	217 941	221 100	285 746
Proceeds From Sales Or Maturity Financial Assets Other Than Trading Investments	7 318	-2 410	-4 908
Profit Loss	2 248 541	1 271 855	4 622 896	2 780 134	5 094 120
Profit Loss On Ordinary Activities Before Tax	2 020 202	1 518 301	5 737 136	3 642 533	6 104 874
Property Plant Equipment Gross Cost	9 327 703	10 320 601	10 890 764	14 708 578	16 151 739
Provisions For Liabilities Balance Sheet Subtotal	361 000	480 000
Purchase Property Plant Equipment	-1 763 501	-707 120	-796 038
Raw Materials Consumables	1 257 175	916 692	1 869 881	2 706 049	3 991 254
Research Development Expense Recognised In Profit Or Loss	13 152	9 155
Revaluations Increase Decrease In Depreciation Impairment Property Plant Equipment		-72 324
Social Security Costs	207 085	209 652	228 422	236 880	293 162
Staff Costs Employee Benefits Expense	2 271 825	2 347 762	2 360 625	2 585 759	3 131 753
Taxation Including Deferred Taxation Balance Sheet Subtotal	361 000	480 000	792 000	1 863 000	2 148 000
Tax Expense Credit Applicable Tax Rate	383 838	288 477	1 090 056	692 081	1 159 926
Tax Increase Decrease Arising From Group Relief Tax Reconciliation			-14 266
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	-302 000	-89 636	-95 774	-132 490	-149 753
Tax Increase Decrease From Effect Capital Allowances Depreciation	-13 159	7 083	9 594	-145 084	-69 765
Tax Increase Decrease From Effect Different Tax Rates On Some Earnings		-11 267	70 409	447 258	68 400
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	7 493	1 283	755	558	2 015
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-228 339	246 446	1 114 240	862 399	1 010 754
Total Assets Less Current Liabilities	10 813 290	12 562 247	13 695 890	17 547 024	21 786 144
Total Borrowings	2 000 000	2 000 000	2 000 000	2 000 000	3 000 000
Total Current Tax Expense Credit	-280 339	127 446	802 240	-208 601	725 754
Total Increase Decrease From Revaluations Property Plant Equipment		285 778
Trade Creditors Trade Payables	2 868 649	2 204 896	3 503 343	5 924 971	6 604 272
Trade Debtors Trade Receivables	3 171 821	3 254 295	5 255 891	6 134 671	7 969 065
Turnover Revenue	26 652 311	26 078 030	33 928 390	38 020 866	52 009 461
Wages Salaries	1 989 646	2 052 968	2 060 940	2 274 484	2 744 285
Company Contributions To Defined Benefit Plans Directors	17 211	12 766	12 622	14 800	13 639
Director Remuneration		376 167	413 292	462 301	447 970
Director Remuneration Benefits Including Payments To Third Parties	546 099	388 933	425 914	477 101	461 609